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approach. the personnel change that in the united states was president roosevelt. -- the person that changed that in the united states was president roosevelt. an thats when you're situation, you need to consider unorthodox approaches. the fed and central banks did undertake some unorthodox policies. not all of them worked. a lot of them did. a process is still under way of bringing our economy back to where like to see it. >> -- we would like to see it. >> the global linkages are important in terms of prospects for u.s. growth. if you look over the medium term, where would you see a plausible scenario to generate the demand for the growth that we hope the u.s. is able to achieve? we are not eager to go back to the very high household consumption levels that were unsustainable given the challenges in europe not so clear where that growth might come from. -- europe. not so clear where that growth might come from. >> it is true that global growth has been slower. for a variety of reasons. one is the european situation. much of europe is in recession, following the difficult financ
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